GTO vs DFNM overlap
GTO and DFNM overlap 0.0% by weight, across 0 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
These funds hold nothing in common.
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: GTO, SEC Form N-PORT, July 31, 2026; DFNM, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | GTO | DFNM |
|---|---|---|
| LPL Financial LLC | $254.5M | $28.0M |
| Bank of America Corp. | $237.2M | $23.3M |
| Envestnet Asset Management Inc. | $173.0M | $9.8M |
| Osaic Holdings, Inc. | $133.2M | $11.1M |
| Morgan Stanley | $79.7M | $422K |
| Focus Partners Advisor Solutions, LLC | $299K | $79.6M |
| Private Advisor Group, LLC | $66.6M | $3.7M |
| GeoWealth Management, LLC | $353K | $51.0M |
| Jones Financial Companies LLLP | $37.8M | $1.8M |
| Raymond James Financial Inc. | $32.7M | $1.7M |
| Commonwealth Equity Services, LLC | $763K | $32.5M |
| HighTower Advisors, LLC | $18.9M | $14.0M |
| Integrated Wealth Concepts LLC | $12.0M | $18.9M |
| Concurrent Investment Advisors, LLC | $12.7M | $7.9M |
| MML Investors Services, LLC | $17.5M | $826K |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: GTO institutional holders, DFNM institutional holders.
Frequently asked questions
How much do GTO and DFNM overlap?
0.0% by weight, with 0 holdings in common, using holdings for GTO as of July 31, 2026 and DFNM as of July 31, 2026.
Do institutions hold both GTO and DFNM?
53 Form 13F filers report positions in both, out of 447 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.